Lykke and Nxchange to launch a European tokenized securities exchange

05.11.2018 17:27

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Blockchain

Lykke, a leading Swiss blockchain-based exchange and Nxchange, a fully regulated Dutch securities exchange platform team up to launch a fully regulated tokenized securities exchange in Europe. Lykke will become an equity shareholder in Nxchange in return for contributing investment capital, blockchain technology, crypto asset trading infrastructure and financial engineering expertise to the partnership.

Nxchange will bring the regulatory expertise in compliance and governance around the listing requirements to facilitate safe and regulated trading. This will make it instantly easier for any company to offer their securities to a much wider investor market while simultaneously granting investors access to a far greater and more diverse variety of financial assets. 

Nxchange is the first fully regulated Stock Exchange as a Service that can be used by companies, exchanges and financial institutions for issuing and trading securities from their own web- environment. By using the Nxchange platform, companies, exchanges and financial institutions can raise capital directly within their own communities and offer their investors the possibility to trade securities on the secondary market of Nxchange. Nxchange has a Regulated Market permit since 2016 and recently received its MTF permit (Regulated Market / Multilateral Trading Facility-licensed), both issued by the Dutch Ministry of Finance.

The partnership between Lykke and Nxchange will see the potential for any asset or security – equities, bonds, loans, investment products, etc. – to be tokenised and traded on the blockchain infrastructure all within an MTF regulated and compliant environment. This will provide all on-boarded users with the peace of mind and trust required to invest in previously inaccessible assets, complete with embedded smart contracts to guarantee the rights of all users (e.g. dividends, asset ownership, voting rights, etc.) all within a securely regulated environment.

The proprietary Lykke Nxchange wallet will provide the storage vehicle through which users will be enabled to access and trade their digital assets on the exchange from anywhere in the world, whenever they wish.

Richard Olsen, founder of Lykke and of globally renowned futures commission merchant OANDA, says “This is a historic day - not only for Lykke and Nxchange as companies – but for our broader shared vision that is targeted at a more equitable and democratic financial world. The increasing acceptance of digital assets and blockchain infrastructure as the technology of the future correctly comes with a greater emphasis on regulation and compliance. This partnership envisages to satisfy all these things while still bringing all the benefits of transformative technology to any individual who wishes to access or exchange anything of value.”

Marleen Evertsz, CEO and founder of Nxchange says: “We believe that the time has come for a more modern form of capital market transactions: efficient, real-time, 24/7, transparent, and supported by compliance procedures that assure maximum security. We are delighted to partner with Lykke and to join forces in building the Next Generation Stock Exchange.

(Press release)

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